The figure given below shows the market for shoes in the U.S. The domestic price line with tariff lies above the international price line. D_d and S_d are the domestic demand and supply curves of shoes respectively. The consumption effect of the tariff on shoes is measured by the area _____. A)a B)b C)c

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The Answer of The figure given below shows the market for shoes in the U.S. The domestic price line with tariff lies above the international price line. D_d and S_d are the domestic demand and supply curves of shoes respectively. The consumption effect of the tariff on shoes is measured by the area _____. A)a B)b C)c

The Figure Given Below Shows the Market for Shoes in the U.S